salaryRent is lower than in 88% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 17.4 minutes. Most homes (84.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $39,480 a year. That is $19 an hour at a full-time job.
Is rent cheaper than other Texas cities?
Yes. Rent here is cheaper than in most of Texas. It is number 59 of 426 cities from cheapest to most expensive.
How much do households earn in Iowa Park?
Share of households by yearly income. 16.8% of households earn $100,000 or more.
Rent by apartment size in Iowa Park
| Size | Iowa Park | U.S. average |
|---|---|---|
| 2 bedrooms | $988 | $1,509 |
| 3 bedrooms | $1,201 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Iowa Park overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Iowa Park, so the Texas figure is shown.
Taxes and bills in Iowa Park
Life in Iowa Park
Is it cheaper to rent or buy in Iowa Park?
Buying is cheaper month to month: about $66 a month less than renting.
Owning assumes a typical $132,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,280 for the down payment.
Frequently asked questions
What is the average rent in Iowa Park, TX?
Renting in Iowa Park costs a median of about $987 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Iowa Park?
To keep rent under 30% of income, you need about $39,480 a year, or $19 an hour at a full-time job.
Is Iowa Park cheap or expensive?
Iowa Park is rated Cheap: rent takes 16.5% of the typical household income of $71,852. It ranks 59th cheapest of 426 Texas cities we track.
How much are property taxes in Iowa Park?
The median homeowner in Iowa Park pays $2,153 a year in property taxes, about 1.62% of the median home value.
Is Iowa Park more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Iowa Park?
The median home value in Iowa Park is $132,800, about 1.8 times the typical yearly household income.
6,578 people live in Iowa Park. Numbers are typical (middle) values.